Exercise 14-2 Financial Ratios for Assessing Liquidity [LO14-2] Comparatwe faandal statements for Weler Corporation, a merchanditing company, for the year ending December 3t appear below. The company did not issue any new commos stock during the yeat. A fetal of 700.000 at ares of carrmon stock were outstanding. The hereat rate on the bond poyable was 10%, the income tak rate was 40 s, and the dividend per share of common stock was 5075 lost Year and 50.40 this year. The market value of the conpany's common stock at the end of the year was $22. Alt of the compony's sales are on account. Recuired: Compute the following financial data and ratios for this yeac 1. Working capital, (Enter your answer in thousands) 2. Current tatio. (Round your answer to 2 decimal places) 3. Aciditest ratio. (Alound your answer to 2 decimal places) Exercise 14-2 Financial Ratios for Assessing Liquidity [LO14-2] Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 700,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $22. All of the company's sales are on account. Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands.) 2. Current ratio, (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.)